The global Autonomous Car Market Growth Accelerated by Connected Services
Autonomous vehicles have the potential to transform transportation systems and revolutionize how people travel. Autonomous vehicles use a variety of technologies such as sensors, radar, GPS and computer vision to navigate roads with minimal human input or completely without it. This helps in improved road safety, traffic management and last mile connectivity. The global Autonomous Car Market is estimated to be valued at US$ 147.63 Bn in 2023 and is expected to exhibit a CAGR of 7.7% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the major market trends accelerating the growth of autonomous car market size is the increasing adoption of connected services. Connected services allow communication between autonomous vehicles and other vehicles on the road as well as roadside infrastructure using technologies such as vehicle-to-everything (V2X) communication. This helps autonomous vehicles in sharing ...